Technical
Financial
Distress signals
Property profile

351 State St Painesville, OH 44077

OFF-MARKET
Retail space
Property ID
US66-6250877
3,287 SF 0.09 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 3,287 SF
Lot 0.09 ac (3,973 SF)
Zoning code B-3
APN 15-A-013-0-00-022-0
UPID US66-6250877

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

351 State St Painesville, OH 44077-4010
Painesville metro Census 204500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2017
Price N/A
2010
$90,000
2003
$170,000
2002
$90,000

Zoning & alternative use

B-3 · Painesville, OH
Zoning description

B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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